HPHP posted its quarterly profit results yesterday that showed how sales of personal computers were faring. According to HP, there was nearly 17% drop in its profit and 3% sales in the second quarter of the fiscal year and this drop was mainly due to the drop in its printer ink and PCs sales. HP has also announced to lay 6,400 more jobs that are nearly 2% of its worldwide 321,000 member staff. Most of these workers will lose their jobs during the next year, as the company is going to shrink its production division. Printers, computers, PCs, toner and ink cartridges and serves are some products that HP is known for. HP has acquisition of a technology services provider Electronic Data Systems has already caused the layoffs of more

than 24,600 jobs. The service was acquired to mount a bigger challenge in front of its competitor IBM Corp. These quarterly results from HP show they way recession is impacting on different PC makers. According to HP, it moved nearly as much computers in the February-April period as it did a year back, but during this year it got quite less money from them. There was nearly 19% decrease in the PC segment revenue of the company even though it succeeded to dethrone Dell as the top seller of PCs in the United States. Credit: tech.yahoo

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